Sample Business Contracts

Performance Contract - PetroChina Co. Ltd. and Chengzao Jia

Employment Forms

Employment Agreement. Employers can customize an employment agreement that states the salary, benefits, working hours and other important provisions for their new or existing employee.
Consulting Agreement. Answer simple questions to build a contract with a consultant. Specify the services rendered, when payment is due, as well as IP rights.
Commission Agreement. Employers who compensate their sales employees based on commissions can prepare an agreement to reduce misunderstandings by specifying the base salary and how commissions are calculated.
Executive Employment Agreement. Companies may offer their business executives a contract that is different from the one provided to their regular employees. Executive employment agreements may be more complex because the compensation structure may include a combination of salary and commissions, provide for bonuses based on sales, stock or other financial targets, and include non-compete, confidentiality and severance provisions.
Sales Representative Contract. Independent sales representatives offer companies the potential to increase the sale of products or services without the burden of increasing headcount. Both parties should understand how commissions are calculated, when commissions will be paid, as well as how the representative will treat confidential information from the company and whether the representative may also sell a competing line of products or services.
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        YEAR 2003 PERFORMANCE CONTRACT WITH CHIEF GEOLOGICAL ENGINEER OF
                  PETROCHINA COMPANY LIMITED AND PRESIDENT OF
                     EXPLORATION AND DEVELOPMENT INSTITUTE

<TABLE>

<S>                                                       <C>                               <C>
Offeree: Name: JIA, Chengzao                              Offeror: Name: CHEN, Geng         Term of the Contract: January 1, 2003 to
                                                                                                                  December 31, 2003
Title:   Chief Geological Engineer of PetroChina Company  Title:   President of PetroChina
         Limited ("PetroChina") and President of                                            Date of Execution: January 18, 2003
         Exploration and Development Institute
         ("Institute")

</TABLE>


<TABLE>
<CAPTION>


INDICES                 KEY PERFORMANCE INDICES            WEIGHT  MEASUREMENT      TARGET                    ACTUAL
                        (KPI)                                                                                 PERFORMANCE
------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>                                <C>     <C>              <C>                       <C>
Profits Indices         Rate of return of the invested     20%     %                8.38
                        capital of PetroChina (ROIC)

                        Net income of PetroChina (NI)      20%     In thousand RMB  34,280
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices       Performance rate of the oil        20%     %                100
                        and gas reserves control plan
                        ------------------------------------------------------------------------------------------------------------
                        Rate of reserves replacement       20%     %                102
------------------------------------------------------------------------------------------------------------------------------------
Operating Indices       Rate of excellent scientific       10%     %                75
                        projects of the Institute
                        after being inspected in
                        acceptance tests

                        Rate of scientific products        10%     %                80
                        which have been put into
                        application
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


Signature of Offeree: /s/ JIA CHENGZAO     Signature of Offeror: /s/ CHEN GENG
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